A recent report published by Infinium Global Research on industrial tapes market provides in-depth analysis of segments and sub-segments in the global as well as regional industrial tapes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial tapes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial tapes market. According to the report, the global industrial tapes market is projected to grow at a CAGR of 5.80% over the forecast period of 2018-2024.
Industrial tapes are used for
adhesive bonding, thread sealing, masking, packaging, wrapping, electrical
insulation, ESD control, and other
specialized applications. Heavy constituents and spare parts cannot be attached
using normal tapes as these materials require a high
level of adhesive bonding industrial tapes are used. Bonding procedures such as
concrete bonding, glass bonding, and
floor bonding are carried out using industrial tapes. The major application of
these tapes includes bonding, sealing,
packaging, and masking. Moreover, Industrial tapes offer high thermal
conductivity and superior insulation properties for which they are increasingly
used in electrical fabrications.
Growing industrialization leads
to the increasing demand for the industrial tapes in the manufacturing
industries such as medical devices and food and beverage. This is the major
factor driving the growth of the industrial tapes market. In addition, the automobile manufacturing industry requires
industrial tapes during various operations such as trim panel attachment,
airbag cover attachment, and wall
headliner attachment. Therefore, the growth of the industrial tapes in the
automobile industry is strengthening the market growth. Threatening rules and
regulation are being made by the government to protect nature. Hence the industrial tape manufacturers are controlling the
volatile organic content (VOC) at the time of manufacturing. However, producing
industrial tapes with reduced VOC emission is likely to curtail the growth of
the industrial tapes market. Furthermore, Water-based
technology is accepted worldwide as it provides a safer work environment with reduced chances of hazards. This, in turn, is anticipated to
create several growth opportunities for the key players in the industrial tapes
Among the geographies, Asia Pacific dominated
the industrial tapes market. The growth in the Asia Pacific region is due to growing
urbanization and industrialization. The region has a huge automobile and
electronics industry which is further positively influencing the market growth.
The report on global industrial tapes market covers segments such as type, products, tape backing material, application, and end use industry. On the basis of type, the sub-markets include non-adhesive tape, single-sided adhesive tape, double-sided adhesive tape, and transfer tape. On the basis of products, the sub-markets include aluminium tapes, filament tapes, and others. On the basis of tape backing material, the sub-markets include glass, fabrics, filament, metallic, paper, polyvinyl chloride, rubber, PTFE, and others. On the basis of application, the sub-markets include adhesive bonding, thread sealing, masking, packaging, wrapping, electrical insulation, ESD control, and other specialized applications. On the basis of end use industry, the sub-markets include electronic industry, automotive industry, construction industry, medical industry, paper and print industry, manufacturing industry, logistics industry, aerospace industry, and others.
The report provides profiles of the companies in the market such as Tesa SE, MBK Tape Solutions, The Dow Chemical Company, 3M, W.W. Grainger, Inc., Avery Dennison Corporation, H.B. Fuller Company, Ashland Inc, Sika AG, Saint-Gobain Performance Plastics, and Eastman Chemical Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial tapes market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.